SPARTAN INNOVATION BUILDING CORPORATION (EIN 474004934) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2015

Legal Domicile

Principal Officer

BART JONES

Phone

7637778942

Tax Period

2024-07-01 to 2025-06-30

SPARTAN INNOVATION BUILDING CORPORATION, founded in 2015, is a community nonprofit in the Education sector that reported $2.0M in total revenue in fiscal year 2024. Expenses of $1.8M left a modest 14% surplus.

Mission

TO PROVIDE RENTAL FACILITIES FOR PROPERTY THAT IS USED FOR A SCHOOLHOUSE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,908,639

Investment Income $134,209

Other Revenue $0

TOTAL REVENUE $2,042,848

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,707,659

Other Expenses $1,754,310

TOTAL EXPENSES $1,754,310

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,042,848	$2,054,644	0.0%
Expenses	$1,754,310	$1,786,365	0.0%
Net Income	$288,538	$268,279	+0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$65,630

Total Directors

$332,656

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BART JONES	PRESIDENT	1.00	Officer Director	$0	$0	$0
LINDSEY STOLARZ	SECRETARY/TREASURER	1.00	Officer Director	$0	$5,650	$65,630
JENNIFER GERAGHTY	SECRETARY/TREASURER (THRU 6/23/25)	1.00	Director	$0	$36,186	$267,026
STEVE BURSCH	MEMBER	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$2,042,848	$1,754,310	$23,030,516	$288,538
2024	$2,054,644	$1,786,365	$23,269,723	$268,279
2023	$1,997,259	$1,791,358	$23,633,304	$205,901
2022	$1,913,435	$1,823,358	$23,842,390	$90,077
2021	$1,915,323	$1,833,483	$24,208,465	$81,840
2020	$1,942,676	$1,849,685	$24,585,458	$92,991
2019	$1,948,095	$1,900,540	$25,056,135	$47,555
2018	$1,958,213	$1,936,213	$25,365,848	$22,000

SPARTAN INNOVATION BUILDING CORPORATION